IMCX:CC - Interra Completes The Stars Copper Project Acquisition

(TheNewswire)

January 9, 2025, VANCOUVER, British Columbia – TheNewswire - Interra Copper Corp. (CSE: IMCX; OTCQB:IMIMF; FRA: 3MX) (“ Interra ” or the“ Company ”) is pleased to announce that subject to exchange approvalit has completed the purchase of mineral claims from Aurwest ResourcesCorporation (CSE: AWR) (" Aurwest ") and has acquired the 100%right, title, and interest in the Stars Property (the “ Property ”), a postdiscovery porphyry copper-molybdenum project, covering 3,761 hectares(“ ha ”) in central British Columbia (the “ Acquisition ”).Terms of the Acquisition can be viewed in the Company’s October 7, 2024, pressrelease .

Highlights of the StarsProperty:

• Road accessible, 3,761 ha property in a top tierexploration and mining district, the Bulkley Porphyry Belt.

• A 230 X 180 metre ( ”) domain(the “ Tana Zone ”) of chalcopyrite-molybdenite-bornite quartz stockworkthat has been intersected from surface to greater than 350 m depth.The zone is open in two directions as well as to depth. DrillIntersection highlights include:

  • 0.466% Cu over 195.07 m * in drill hole DD18SS004 from 23.47 m

  • 0.200% Cu over 396.67 m * in drill hole DD18SS010 from 29.37 m

  • 0.205% Cu over 207.27 m * in drill hole DD18SS015 from 163.98 m

• A highly prospective, approximately 5 X 2.5 kilometre( km ”),annular magnetic anomaly that is interpreted to represent an alteredmonzonite intrusion and surrounding hornfels (Fig. 1).

• Numerous underexplored soil and induced polarizationgeophysical targets within the larger magnetic anomaly (Fig.1).

Brian Thurston, President & CEOof Interra, commented : " Completion of the Stars Propertyacquisition is transformative for Interra and we welcome Aurwest as anew strategic investor with an 18.73% position in the Company. Interranow controls 9,693 ha covering the Stars Property and prospectivesurrounding area with two complementary exploration upsides being anestablished zone of higher-grade mineralization that Interra can growand define, and a much broader under-explored area with high potentialfor new discovery. Combined with the recently acquired and contiguous5,389 ha Stellar Property, Interra has assembled a dominant landposition and created a unique opportunity that unlocks a districtscale copper porphyry project in the Bulkley PorphyryBelt. "

New Board Member

Cameron MacDonald, CEO of Aurwest, has joined the Board of Interra.Mr. MacDonald has over 18 years of Capital Markets public companyexperience as founder and CEO of the Macam Group of Companiesspecializing in Capital Markets, M&A, banking, financialmanagement, and operations. He has been investing in start-upcompanies since 2002 and has helped raise over $300 million in equityand over $650 million in debt financings. Mr. MacDonald is currentlythe President and CEO of Tenth Avenue Petroleum Corp. (TSXV:TPC),Director of Pacific Bay Minerals Ltd. (TSXV:PBM), and serves as aninvestor and board member for several other businesses.

Cameron MacDonald, CEO of Aurwest,commented : " I am looking forward to assisting Interrain financing exploration of the Stars Property and exposing theAurwest shareholders to the upside potential of advancing the StarsProperty. Given the global movement towards electrification,environmental concerns, infrastructure development, and the forecasteddemand for copper, the combined properties of Interra make a verycompelling exploration package. "

The Stars Property

The 3,761.7-ha, road-accessible Stars Property issituated in central British Columbia, Canada, 40 km west of Houston.It hosts porphyry copper-molybdenum mineralization associated with aBulkley Suite monzonite stock. The Bulkley Suite is linked tomineralization at Imperial Metals' past-producing Huckleberry mine, 60km to the south, and other porphyry deposits in the region. Threedrilling campaigns on the Stars Property, totaling 9,016 m, haveidentified a broad area of anomalous copper, and molybdenum within themonzonite stock. The most important drilling to date is at the TanaZone (Fig. 1), where the contact between the stock and surroundingvolcanic rock contains chalcopyrite, molybdenite and bornite bearingquartz stockwork veining. Tana Zone drilling has defined anapproximately 230 x 180 m domain with significant copper andmolybdenum grades (Table 1).

Table 1 Highlights of Tana ZoneIntersections *

Outside the Tana Zone, most drilling on the propertyencountered altered and anomalous mineralized monzonite within anapproximately 1.8 x 1.0 km area marked by a broad magnetic low (Fig.1). While there is potential for an undiscovered porphyry depositwithin the monzonite intrusion, Interra's future exploration willconcentrate on the contact zones. Several historical drill holes arebelieved to have approached this contact, with assays at their bottomsshowing increased copper and molybdenite values (Table 2). Their drilllogs also indicate an increase in quartz-chalcopyrite-molybdenite ±bornite veins with pink K-feldspar altered selvages, similar to thosefound in the Tana Zone.

Table 2 Drill intersectionsindicating grassroots exploration opportunities *

*  The true width of historical drill intersectionsreferenced in this news release are not known. Historical drill datain this news release is derived from previous exploration activitiesconducted by other parties. While this data may provide insights intothe mineralization potential on the property, it should not be reliedupon as conclusive evidence of mineral potential or project viability.

** Copper equivalent (" CuEq "), is usedfor illustrative purposes, to express the combined value of copper andmolybdenum, as a percentage of copper.  No allowances have been madefor recovery losses that would occur in a mining scenario. CuEq iscalculated on the basis of US$4.20 per pound of copper and US$20.00per pound of molybdenum.

*** Expenditures are calculated from expenditurereports within publicly available British Columbia Department ofEnergy, Mines, and Low Carbon Emissions Property Assessment Reports.Expenditures are not adjusted for inflation and do not include workthat was not filed with the government, including the collection andanalysis of 817 soil samples.

Stock Options

The Company has granted stockoptions to a Director of the Company to acquire an aggregate of 200,000 common sharesin the capital of the Company, pursuant to the Company’s EquityIncentive Plan. The stock options are each convertible into a commonshare of the Company at an exercise price of $0.12 until December 30,2029.

QualifiedPerson

Tony Barresi, Ph.D., P.Geo., the Company’s technicaladvisor and a qualified person as defined by National Instrument43-101 Standards ofDisclosure for Mineral Projects , has reviewedand approved the technical information in this news release.

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About Interra Copper Corp.

Interra Copper Corp. is focused on building shareholdervalue through the exploration and development of its early-stagecopper exploration assets located in British Columbia, Canada.

Interra has a 100% interest inthe Stars Property, an early-stage porphyry copper-molybdenumdiscovery, covering 9,693 hectares in central British Columbia’s Bulkley Porphyry Belt .Contiguous to the Stars Property Interra has a100% interest in the 5,389 ha Stellar Property, and Interra has an earn-in option up to 80%and joint-venture agreement on the porphyrycopper-molybdenum Rip Project, also in the Bulkley Porphyry Belt .Interra has a 100% interest in the Thane Project located in theQuesnel Terrane of Northern BC spans over 20,658 ha with 10high-priority targets identified demonstrating significant copper andprecious metal mineralization.

Interra’s leadership and advisory teams are comprisedof senior mining industry executives who have a wealth of technicaland capital markets experience and a strong track record ofdiscovering, financing, developing, and operating mining projects on aglobal scale. Interra is committed to sustainable and responsiblebusiness activities in line with industry best practices, supportiveof all stakeholders, including the local communities in which itoperates. The Company's common shares are principally listed on theCanadian Stock Exchange under the symbol "IMCX". For moreinformation on Interra, please visit the Company’s websiteat www.interracoppercorp.com .

On behalf of the Board of InterraCopper Corp.

Brian Thurston, P.Geo.

Chief Executive Officer andDirector

Tel: 778-949-1829

For further informationcontact:

Kelly Abbott

Investor Relations

info@interracoppercorp.com

Forward Looking Information

This news release contains certain “forward-lookinginformation” and “forward-looking statements” (collectively“ forward-lookingstatements ”) within the meaning of applicablesecurities legislation. Forward-looking statements are frequently, butnot always, identified by words such as “expects”,“anticipates”, “believes”, “intends”, “estimates”,“potential”, “possible”, and similar expressions, orstatements that events, conditions, or results “will”, “may”,“could”, or” should” occur or be achieved. All statements,other than statements of historical fact, included herein, withoutlimitation, relating to the Rip Copper Project,including the Phase One drilling program, the exploration potentialthereof, and the expected satisfaction of the Company’s 2024 and2025 earn-in obligations are forward-looking statements. There can be no assurance that such statements will prove tobe accurate, and actual results and future events could differmaterially from those anticipated in such statements. Forward-lookingstatements reflect the beliefs, opinions and projections on the datethe statements are made and are based upon a number of assumptions andestimates that, while considered reasonable by Interra, are inherentlysubject to significant business, economic, competitive, political andsocial uncertainties and contingencies. Many factors, both known andunknown, could cause actual results, performance or achievements to bematerially different from the results, performance or achievementsthat are or may be expressed or implied by such forward-lookingstatements and the parties have made assumptions and estimates basedon or related to many of these factors. Such factors include, withoutlimitation, risks associated with possible accidents and other risksassociated with mineral exploration operations, the risk that theCompany will encounter unanticipated geological factors, risksassociated with the interpretation ofexploration results, the possibility that the Company may not be ableto secure permitting and other governmental clearances necessary tocarry out the Company's exploration plans, the risk that the Companywill not be able to raise sufficient funds to carry out its businessplans, and the risk of political uncertainties and regulatory or legalchanges that might interfere with the Company's business andprospects. Readers should not place undue reliance on theforward-looking statements and information contained in this newsrelease concerning these items. Interra does not assume any obligationto update the forward-looking statements of beliefs, opinions,projections, or other factors, should they change, except as requiredby applicable securities laws.

The Canadian Securities Exchange has not reviewed,approved or disapproved the contents of this press release, and doesnot accept responsibility for the adequacy or accuracy of thisrelease.

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